Wednesday, September 24, 2008

Arthur Levitt scolds John McCain

Former SEC Chairman Arthur Levitt was very critical of John McCain on the Brian Lehrer public radio show on WNYC. Asked to comment on McCain's attacks on SEC Chairman Christopher Cox, Levitt characterized McCain's actions as a misguided political ploy.

In Levitt's words, the move "smacks of opportunism" and that, at a time of crisis, McCain picked "the poorest time to go after...the leader of a key regulator."

Regarding McCain' suggestion that Andrew Cuomo step in to replace Cox, Levitt told Lehrer the "move made no sense whatsoever" and questioned the wisdom behind recommendations that had as little chance of happening "as a Moose flyong into your studio in the next five minutes."

You can download a recording of the interview here. The interview runs about 15 minutes, but the best parts occur from about 2:25 to 4:00 minutes into the tape.

posted at 9:35:00 AM by Neil

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